Mubasher: Moody's Investors Service said in a report on Wednesday that falling oil prices will leave a negative impact on Qatar’s total government revenue, but it still enjoys large financial assets.
Despite the difficulty of replicating the strong growth performance of 2004-2011, the report forecasts that average real gross domestic product (GDP) growth will remain robust at around 5% until 2017.
"Despite the oil price shock, real GDP growth in Qatar will likely remain relatively strong over the next two years. The government's fiscal buffers and sizeable assets will sustain public investment, which in turn will support non-hydrocarbon growth," said Steffen Dyck, a VP-senior analyst at Moody's.
